Economic system dynamics

We provide here a qualitative summary of the main ideas from econophysics and finance theory, starting with a thorough criticism of the standard ideas taught in typical economics textbooks. The emphasis is on the Galilean or physicists' approach to market dynamics, as opposed to the standard no...

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Bibliographic Details
Main Authors: Joseph L. McCauley, Cornelia M. Küffner
Format: Article
Language:English
Published: Hindawi Limited 2004-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/S102602260431201X